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The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
From 1954 to 1967, the maximum capital gains tax rate was 25%. [12] Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11] In 1978, Congress eliminated the minimum tax on excluded gains and increased the exclusion to 60%, reducing the maximum rate to 28%. [11]
Individuals paid capital gains tax at their highest marginal rate of income tax (0%, 10%, 20% or 40% in the tax year 2007/8) but from 6 April 1998 were able to claim a taper relief which reduced the amount of a gain that is subject to capital gains tax (thus reducing the effective rate of tax) depending on whether the asset is a "business asset ...
The capital gains tax rate for long-term assets is 0%, 15%, 20%, 25% or 28%. You only pay capital gains tax if you sell an asset for more than you spent to acquire it.
Feb. 28—Ohio's 2019 motor fuel tax increase was supposed to boost local and state road and bridge projects, but the COVID-19 pandemic cut travel and, as a result, money for construction projects ...
Important 2021 Tax Due Dates for Individuals. Jan. 18, 2022 If you are required to make estimated tax payments, your payment for the fourth quarter of tax year 2021 is due on this date. Submit ...
County roads in Ohio comprise 29,088 center line miles (46,813 km), making up 24% of the state's public roadways as of April 2015. [2] Ohio state law delegates the maintenance and designation of these county roads to the boards of commissioners and highway departments of its 88 counties . [ 3 ]
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